Greenvale Capital LLP Increases Stock Position in PTC Inc. (NASDAQ:PTC)

Greenvale Capital LLP grew its position in PTC Inc. (NASDAQ:PTC - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 575,000 shares of the technology company's stock after buying an additional 65,000 shares during the quarter. PTC makes up approximately 7.8% of Greenvale Capital LLP's portfolio, making the stock its 6th largest position. Greenvale Capital LLP owned approximately 0.48% of PTC worth $105,725,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG boosted its holdings in shares of PTC by 1.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company's stock worth $722,000 after purchasing an additional 55 shares during the period. Wahed Invest LLC boosted its holdings in shares of PTC by 2.1% during the fourth quarter. Wahed Invest LLC now owns 2,933 shares of the technology company's stock worth $539,000 after purchasing an additional 61 shares during the period. Wedmont Private Capital boosted its holdings in shares of PTC by 1.6% during the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company's stock worth $734,000 after purchasing an additional 64 shares during the period. Allworth Financial LP boosted its holdings in shares of PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after purchasing an additional 69 shares during the period. Finally, Otter Creek Advisors LLC boosted its holdings in shares of PTC by 0.4% during the fourth quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company's stock worth $3,527,000 after purchasing an additional 80 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PTC has been the topic of several recent research reports. Stifel Nicolaus cut their price objective on shares of PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Robert W. Baird raised their price objective on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Mizuho cut their price objective on shares of PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. KeyCorp cut their price objective on shares of PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Oppenheimer cut their price objective on shares of PTC from $210.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $187.15.

Insider Activity at PTC

In related news, Director Corinna Lathan sold 622 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the transaction, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the transaction, the executive vice president now owns 17,731 shares of the company's stock, valued at approximately $2,836,960. The trade was a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company's stock.

PTC Stock Performance

Shares of PTC stock traded up $7.49 on Monday, reaching $170.51. The stock had a trading volume of 1,076,616 shares, compared to its average volume of 874,334. The business's 50-day moving average price is $153.70 and its two-hundred day moving average price is $174.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09. The stock has a market cap of $20.45 billion, a P/E ratio of 52.63, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.42. The business had revenue of $636.37 million during the quarter, compared to analysts' expectations of $608.64 million. PTC had a net margin of 16.95% and a return on equity of 14.49%. PTC's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 earnings per share. On average, sell-side analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

PTC Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.